After more than 15 years of negotiations, the IMO has adopted global rules to reduce the carbon intensity of shipping fuels, marking a major step toward meeting its greenhouse gas targets. Under the new Global Fuel Standard, ships must gradually reduce the carbon content of the energy they use, starting in 2028 and benchmarked against 2008 levels.
The compliance system includes financial penalties for high-emission fuels and rewards for low-carbon alternatives. Revenue will help fund the IMO’s Net-Zero initiatives. Interferry supports the move, though notes the new system’s complexity.
Read more on the Interferry website: https://interferry.com/regulatory-reports/
And this is the IMO announcement: https://www.imo.org/en/MediaCentre/PressBriefings/pages/IMO-approves-netzero-regulations.aspx
